Originally published on Thu February 16, 2012 6:55 am
We have a slew of economic data out today and the big picture is that the economy is on the rebound. So, let's get to the numbers:
-- The Labor Department said the number of people seeking jobless benefits dropped by 13,000 to a seasonally adjusted 348,000. The AP reports "it was the fourth drop in five weeks and the fewest number of claims since March 2008."
-- Led by a surge in apartments, housing starts were up 1.5 percent.